Oklahomans are known for their generosity. The state's culture of hard work, compassion, and community is one of the reasons nearly 17,000 nonprofit organizations have chosen to make Oklahoma their home (as of 2013). Of the thousands of organizations registered in the state, very few have the time, energy, or resources to stay on top of the ever-changing legal requirements imposed on them at both the state and federal levels.
Regardless of their size or budget, all nonprofit groups must fully comply with state law to receive tax-exempt status or be a legal entity recognized by the state. Not only is this work complicated and time-consuming, but attempting to do it yourself only takes away from time you could be spending on your nonprofit group's mission.
If you currently operate an Oklahoma nonprofit or have plans to found one, the experienced nonprofit attorneys at the Worden Law Firm can provide the guidance you need.
How an Experienced Nonprofit Attorney Can Help
A key component for most nonprofit entities is obtaining and maintaining tax-exempt status. An exemption from state and federal taxes allows your nonprofit to put more of its resources into the important work of helping people. Additionally, most donations to tax-exempt organizations are tax-deductible, making it critical for organizations to get and keep tax-exempt status for fundraising purposes.
The nonprofit attorneys at the Worden Law Firm have the skills and experience needed to set up your nonprofit organization in a way that will comply with state and federal requirements. We will focus on the legal hurdles of setting up your nonprofit entity so you can focus on your goal of helping others.
It's worth noting, too, that the legal requirements for nonprofit entities don't end upon formation. You will need to comply with periodic reporting requirements and adapt to any regulation changes that could affect your organization. A mistake can cost your organization its tax-exempt status. It is even possible for tax-exempt entities to overstep the limits on tax-free activity, creating the potential for unexpected tax liabilities. In short, the legal landscape for nonprofits is filled with very consequential decisions, all of which can affect your organization's ability to continue its mission.
The experienced nonprofit attorneys at the Worden Law Firm are ready to advise you and your nonprofit on an ongoing basis and ensure your organization complies with all Oklahoma laws and regulations.
Whether you are in the early planning stages or have operated a successful Oklahoma nonprofit for years, there are always benefits to having an experienced nonprofit attorney by your side. The nonprofit attorneys with the Worden Law Firm are ready to provide guidance to your organization on any aspect of nonprofit law.
Have a Nonprofit Attorney on Retainer Without Blowing Up Your Budget with Worden Law Firm's Small Nonprofit Retainer Program
For a small nonprofit, the idea of having an experienced nonprofit attorney on retainer may sound farfetched. Good legal advice can be costly, but the Worden Law Firm has created a service designed to give small nonprofits access to experienced legal counsel that won't bust the budget. This option is known as the Worden Law Firm Small Nonprofit Retainer Program.
With the Small Nonprofit Retainer Program, you are allotted five billable hours per month of time from the nonprofit attorneys at the Worden Law Firm. This time can be allotted in any way you see fit depending on the legal needs of your organization. The attorneys at the Worden Law Firm are easy to get in touch with, and you are guaranteed to have a response within 24 hours. Here are a few of the tasks your attorneys can perform on behalf of your organization:
- Review all formation and governance documents, including on both the state and federal level
- Help you navigate solicitation registration requirements, which will vary from state to state
- Structure the compensation of your employees in a way that will fit within your budget
- Provide guidance on all labor and employment issues
- Explain all Form 990 requirements
- Provide guidance with board governance issues
- Advise your organization on any potential legal liability issues that might arise
- Discuss Tax-exempt requirements and restrictions, such as Unrelated Business Income Tax (UBIT)
- Establish internal controls and best practices, such as a conflict of interest policy
Altogether, the Worden Law Firm Small Nonprofit Retainer Program provides answers to most of your organization's legal questions or problems with one phone call. It is important to note that there are some limitations, however. The Retainer Program only offers advice and counsel pertaining to nonprofit legal issues. It will not cover other areas of the law.
While the Retainer Program entitles you to guidance on these issues, it is not intended to cover representation on contested matters. Contested matters include contract disputes, lawsuits, arbitrations, mediations, and government sanctions. While these are areas that the nonprofit attorneys at the Worden Law Firm may be able to take on for you, it is outside of the scope of the Small Nonprofit Retainer Program.
Admission into the Small Nonprofit Retainer Program only costs $500 per month. Please note, the Retainer Program can accommodate a maximum of 50 Oklahoma nonprofit organizations. When the program is at capacity, additional organizations will only be added when space becomes available. This limited availability ensures that enrollees will have their legal concerns addressed in a timely manner. The end result is high-level nonprofit legal advice for a fraction of what most firms would bill. If you are interested in the Small Nonprofit Retainer Program, contact the Worden Law Firm today.
Protect Your Organization by Hiring an Experienced Oklahoma Nonprofit Attorney
At the Worden Law Firm, counseling Oklahoma nonprofits is an important part of our law practice. We understand the good work that you do, and it is our mission to support Oklahoma charitable institutions with the best possible legal counsel. We understand that hiring legal counsel can be intimidating, and we tailor our process to ensure we hear our clients concerns and respond with the legal counsel they require. If you would like to discuss your nonprofit organization's legal needs with an experienced Oklahoma nonprofit attorney, contact the Worden Law Firm today.